Federal Reserve Signals It May Not Raise Rates in 2019

Following its March meeting, the Federal Reserve signaled that it may not raise interest rates during the remainder of 2019. The Federal Reserve or 'the Fed' controls the federal funds rates, which affects interest rates charged on credit cards, home mortgages, and other credit lines throughout the country. Although stable, low home mortgage interest rates should help maintain a healthy spring housing market this year, the move by the Fed to hold back on raising interest rates could indicate that the Fed believes the overall economy may be about to enter a slower phase.

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